WO2005029259A3 - Method and system for using reward points to liquidate products - Google Patents

Method and system for using reward points to liquidate products Download PDF

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Publication number
WO2005029259A3
WO2005029259A3 PCT/US2004/030345 US2004030345W WO2005029259A3 WO 2005029259 A3 WO2005029259 A3 WO 2005029259A3 US 2004030345 W US2004030345 W US 2004030345W WO 2005029259 A3 WO2005029259 A3 WO 2005029259A3
Authority
WO
WIPO (PCT)
Prior art keywords
reward
user
product
reward points
points
Prior art date
Application number
PCT/US2004/030345
Other languages
French (fr)
Other versions
WO2005029259A8 (en
WO2005029259A2 (en
Inventor
Richard Postrel
Original Assignee
Richard Postrel
Priority date (The priority date is an assumption and is not a legal conclusion. Google has not performed a legal analysis and makes no representation as to the accuracy of the date listed.)
Filing date
Publication date
Priority to US50329903P priority Critical
Priority to US60/503,299 priority
Application filed by Richard Postrel filed Critical Richard Postrel
Publication of WO2005029259A2 publication Critical patent/WO2005029259A2/en
Publication of WO2005029259A8 publication Critical patent/WO2005029259A8/en
Publication of WO2005029259A3 publication Critical patent/WO2005029259A3/en

Links

Classifications

    • GPHYSICS
    • G06COMPUTING; CALCULATING; COUNTING
    • G06QDATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTING PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTING PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q20/00Payment architectures, schemes or protocols
    • G06Q20/38Payment protocols; Details thereof
    • G06Q20/387Payment using discounts or coupons
    • GPHYSICS
    • G06COMPUTING; CALCULATING; COUNTING
    • G06QDATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTING PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTING PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q30/00Commerce, e.g. shopping or e-commerce
    • G06Q30/02Marketing, e.g. market research and analysis, surveying, promotions, advertising, buyer profiling, customer management or rewards; Price estimation or determination

Abstract

Product providers are able to liquidate goods via a 5 transacting entity such as a liquidation broker which acts to exchange a user’s reward points for the liquidated goods in a manner that is transparent to both the redeeming user and the product provider. A user selects a product to be liquidated from a product provider and then designates to the transacting entity that reward points, held by a reward account holder in a reward point account on the user’s behalf, are to be used towards the purchase of the liquidated product in whole or in part. The transacting entity acts to decrease the number of reward points in the user's reward account, as either 15 designated by the user or by a third party, by the required number of points. The reward account holder conveys consideration to the transacting entity equivalent to the par value of the reward points.
PCT/US2004/030345 2003-09-15 2004-09-15 Method and system for using reward points to liquidate products WO2005029259A2 (en)

Priority Applications (2)

Application Number Priority Date Filing Date Title
US50329903P true 2003-09-15 2003-09-15
US60/503,299 2003-09-15

Publications (3)

Publication Number Publication Date
WO2005029259A2 WO2005029259A2 (en) 2005-03-31
WO2005029259A8 WO2005029259A8 (en) 2005-07-21
WO2005029259A3 true WO2005029259A3 (en) 2005-10-20

Family

ID=34375332

Family Applications (1)

Application Number Title Priority Date Filing Date
PCT/US2004/030345 WO2005029259A2 (en) 2003-09-15 2004-09-15 Method and system for using reward points to liquidate products

Country Status (1)

Country Link
WO (1) WO2005029259A2 (en)

Citations (6)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US5937391A (en) * 1996-07-11 1999-08-10 Fujitsu Limited Point-service system in online shopping mall
US6009412A (en) * 1995-12-14 1999-12-28 Netcentives, Inc. Fully integrated on-line interactive frequency and award redemption program
US6018718A (en) * 1997-08-28 2000-01-25 Walker Asset Management Limited Partnership Method and system for processing customized reward offers
US6275811B1 (en) * 1998-05-06 2001-08-14 Michael R. Ginn System and method for facilitating interactive electronic communication through acknowledgment of positive contributive
US6327573B1 (en) * 1998-12-31 2001-12-04 Walker Digital, Llc Multiple party reward system utilizing single account
US6741968B2 (en) * 1998-04-24 2004-05-25 Fuel Partners, L.P. Method for processing information through a clearinghouse

Patent Citations (6)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US6009412A (en) * 1995-12-14 1999-12-28 Netcentives, Inc. Fully integrated on-line interactive frequency and award redemption program
US5937391A (en) * 1996-07-11 1999-08-10 Fujitsu Limited Point-service system in online shopping mall
US6018718A (en) * 1997-08-28 2000-01-25 Walker Asset Management Limited Partnership Method and system for processing customized reward offers
US6741968B2 (en) * 1998-04-24 2004-05-25 Fuel Partners, L.P. Method for processing information through a clearinghouse
US6275811B1 (en) * 1998-05-06 2001-08-14 Michael R. Ginn System and method for facilitating interactive electronic communication through acknowledgment of positive contributive
US6327573B1 (en) * 1998-12-31 2001-12-04 Walker Digital, Llc Multiple party reward system utilizing single account

Also Published As

Publication number Publication date
WO2005029259A8 (en) 2005-07-21
WO2005029259A2 (en) 2005-03-31

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